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DTN Closing Grain Comments 02/23 13:47

23 Feb 2024

DTN Closing Grain Comments 02/23 13:47 Corn, Soybeans, Soy Products and Minneapolis Wheat All Hit New Lows Grain and soybeans plunged in unison to end the week. Corn, soybeans and soy products all registered new contract low while Minneapolis spot wheat futures also carved out a new low. Pressure from additional fund selling, favorable South American weather and a plunging Brazilian market all weighed on corn and soybeans. For wheat, this may just be another in a long line of failed reversals, although for the week both Chicago and KC finished higher.

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